Corporate Updates – 10-01-2017


NIRC invites you to full day seminar on the theme niro. Depending upon the response, ON the SPOT registration may not be allowed. Online Payment / Registration Facility Available; PCH – 4.


CBDT has notified the Income Tax (1st Amendment) Rules, 2017. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 114B, after the third proviso, the following proviso shall be inserted to make PAN mandatory for all account holders. A person who has an account maintained with a banking company or a cooperative bank to which the Banking Regulation applies and has not quoted his permanent account number or furnished Form No. 60, as the case may be, at the time of opening of such account or subsequently, he shall furnish his permanent account number or Form No. 60, as the case may be, to the said Bank on or before the 28th day of February, 2017. The rules further provide an amendment in rule 114C, rule 114D and rule 114E of the principal rules.


RBI vide its press release has announced Issuance of 28 days and 56 days Cash Management Bills under Market Stabilisation Scheme (MSS). The Reserve Bank of India will conduct auctions of 28 days and 56 days Government of India Cash Management Bills under the Market Stabilisation Scheme (MSS) for a notified amount of 50,000 crore each on January 09, 2017 using "Multiple Price Auction" method. The bids for the auctions should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 2.30 pm and 3 pm on Monday, January 09, 2017. Results will be announced on the same day. Payment by successful bidders will be on T+0 i.e. on Monday, January 09, 2017. The Non-Competitive Bidding Scheme is not extended to Cash Management Bills.

Speak Your Mind